Cash collection service

Definition

A Khan Bank employee collects a bank customer’s sales income and cash or equivalent asset from the customer’s sales outlets and deposits the collected amount into the customer’s current account.

Terms

Service fees and commissions for cash collection varies depending on the collection amount, period of the collected amount to be placed in the bank, and location of the sales outlets. As a result, they are regulated by agreement between Khan Bank and the customer.

Advantages

The advantage of this service is that it protects the customer’s income from various outside risks by placing the responsibility of transporting and placing the money in customer’s account on Khan Bank.